🏡 Do you still have a Home building Loan or Construction Loan?
🏗 Did you build your house and get a construction loan to finance the build from a lender.
📞 It may be worth you reviewing what your current interest rate is..
💵 Did you know that you pay a premium Interest rate when you take out a construction Loan? As the money is released in stages to make progress payments to the builders there is more work for the bank in managing your loan as a result they charge a slightly higher interest rate.
💰 If you’ve finished building or been in your completed home for a little while you may wish to consider refinancing your home loan to save money on your repayments and interest over the term of your loan. Or continue to pay your repayments at the current level and simply pay off your home sooner by making extra repayments.
🙋♀️ If you would like to save money on your current mortgage, call Julie at Greater Geelong Finance on 0437 095 312 for a free ‘Health Check’ on your Home Loan.
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